China Service Trade Deficit Widens to $17.6 Billion in July

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

BEIJING--China recorded a service trade deficit of $17.6 billion in July, up from $14.9 billion in June, official data showed Monday. For the first seven months of the year, the country saw a service trade deficit of $109.2 billion, the ...

Australian Company Profits Fall, Led by Financial Sector

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

By Vera Sprothen SYDNEY--Australian company gross operating profits fell by 1.9% to a seasonally adjusted A$62.8 billion in the second quarter from the first, the Australian Bureau of Statistics said Monday. Company profits also fell, by 3.9%, from the second ...

Modi Changes Course on Land Acquisition

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

NEW DELHI?India's prime minister on Sunday said he would not renew a contentious executive order aimed at making it easier for the state to acquire land for infrastructure and industry?confirming a significant reversal on a measure his administration had touted ...

Asian Shares Start Lower

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

Asian markets are struggling to shake off a global selloff, despite a bounce in China shares at the end of last week. The Nikkei Stock Average traded down 1.1%, Australia's S&P;/ASX 200 was down 1.3% and South Korea's Kospi lost ...

Ageas to Sell Hong Kong Life Insurance Business

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

BRUSSELS?Belgian insurance company Ageas said Sunday it will sell its Hong Kong Life insurance business to Chinese asset-management firm JD Capital for ?1.23 billion ($1.4 billion). Ageas said it expects to complete the sale in the first half of 2016 ...

China Places Cap on Local Government Debt

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

BEIJING?Chinese lawmakers have placed a 16 trillion yuan ($2.5 trillion) cap on local government debt as Beijing looks for ways to address one of the major impediments to the world's second-largest economy. The Standing Committee of China's National People's Congress ...

VW Is Told to Shed Suzuki Stake

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

TOKYO?An international court has ordered Volkswagen AG to sell its nearly 20% stake in Suzuki Motor Corp., allowing the Japanese auto maker to extricate itself from the tie-up after a four-year struggle. The decision, by the London Court of International ...

Lawyer's Offstage Acts Threaten Record Pact

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

(FROM THE WALL STREET JOURNAL 8/31/15) By Robin Sidel Keila Ravelo, an immigrant who became a successful New York antitrust lawyer, wasn't shy about celebrating her achievements. The 49-year-old drove a Bentley Continental "Flying Spur" sedan and favored Hermes handbags. ...

Singapore July Bank Loans S$610.40 Billion Vs S$606.84 Billion in June

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

By Gaurav Raghuvanshi SINGAPORE--The Monetary Authority of Singapore Monday released the following provisional bank lending data for July: July Year Earlier June Total S$610.40 Bln S$597.44 Bln S$606.84 Bln Housing/Bridge S$181.62 Bln S$172.59 Bln S$180.34 Bln Professionals & Private Individuals ...

New Zealand ANZ Aug Business Confidence -29.1%; July -15.3%

TODAY: Aug. 31, 2015 PUB DATE: Aug. 31, 2015

By Rebecca Howard WELLINGTON, New Zealand--New Zealand business confidence hit a fresh six-year low in August, led by agriculture. A net 29.1% of respondents in the ANZ Business Outlook survey expected business conditions to worsen over the next 12 months, ...

China Places Cap on Local Government Debt

TODAY: Aug. 31, 2015 PUB DATE: Aug. 30, 2015

By Carlos Tejada BEIJING -- Chinese lawmakers have placed a 16-trillion-yuan ($2.5 trillion) cap on local government debt as Beijing looks for ways to address one of the major impediments to the world's second-largest economy. The Standing Committee of China's ...

Mester Interview Transcript: Fundamental View on -2-

TODAY: Aug. 31, 2015 PUB DATE: Aug. 30, 2015

MS. MESTER: My view is that the economic fundamentals in the economy are solid. I think the economy can support a modest increase in interest rates. I want to take the time I have between now and the September meeting ...

Kocherlakota Interview Transcript: Fed Shouldn't Tighten Policy Now

TODAY: Aug. 31, 2015 PUB DATE: Aug. 30, 2015

By Ben Leubsdorf and Jon Hilsenrath The outlook for U.S. inflation is so weak that Federal Reserve officials should be thinking about easing monetary policy, and the central bank certainly should not raise short-term interest rates, Federal Reserve Bank of ...